Two years after being charged with operating a Ponzi Scheme through his company CRW Management LP that solicited at least $10.9 million from more than 250 investors, ostensibly to perform foreign Exchange trading Ray White on Tuesday was sentenced to 10 years in prison.

Law360, New York (September 29, 2011, 5:47 PM ET) -- A Texas race car driver whose career was subsidized by his imprisoned father's $10.9 million Ponzi scheme agreed to give up $322,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.

Christopher R. White, whose father Ray is serving 10 years in prison for his role in the commodities fraud, contributed $8,000 to start CRW Management LP and maintained a 40 percent interest in the sham company, according to the U.S. Commodity Futures Trading Commission and the SEC. More here.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

Two years after being charged with operating a Ponzi Scheme through his company CRW Management LP that solicited at least $10.9 million from more than 250 investors, ostensibly to perform foreign Exchange trading Ray White on Tuesday was sentenced to 10 years in prison.

Law360, New York (September 29, 2011, 5:47 PM ET) -- A Texas race car driver whose career was subsidized by his imprisoned father's $10.9 million Ponzi scheme agreed to give up $322,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.

Christopher R. White, whose father Ray is serving 10 years in prison for his role in the commodities fraud, contributed $8,000 to start CRW Management LP and maintained a 40 percent interest in the sham company, according to the U.S. Commodity Futures Trading Commission and the SEC. More here.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.